Former China National Petroleum Corporation chief Jiang Jiemin was sentenced to 16 years in prison Monday after he pleaded guilty to a slew of corruption charges earlier this year.
Entries in CNPC (6)
A sweeping corruption investigation into state oil giant China National Petroleum Corp (CNPC) has expanded from domestic oilfields to overseas operations, with two more oil executives being detained for questioning.
Hong Kong-listed Wison Engineering, one of the companies implicated in the graft scandal engulfing China's oil and gas sector, said authorities have seized the company's records and frozen its bank accounts.
The bribery and corruption scandal surrounding the China National Petroleum Corporation (CNPC) is spreading across China’s oil and gas industry, forcing executives there to deny involvement in the graft alleged at the top levels of the industry.
Zhou Yongkang, one of the most powerful politicians in China for the past ten years, is the target of an investigation into corruption.
Allegations of corruption at China Mobile have flared up again, triggering a fresh flurry of investigations.